Shortcut methods to estimate business value have always been used. Benjamin Graham popularized net asset value as a measure of business value in the 1930’s. Stock analysts have long quoted price to earnings ratios as a measure of equity value. In the early 1980’s, investment professionals began to focus on …

Most technology and life science entreprenuers know they have fleeting windows of opportunity to successfully develop and ship their concepts to optimize their economic gains. Given the frantic pace in our ever accelerating world, the old economy notion of incremental growth supported by internally generated cash flow (profits) runs counter …

The National Association of Industrial and Office Properties (better known as NAIOP) recently put on a seminar on the development process. In my next several columns I would like to share what I learned about the ways developers go about their business. Understanding how somebody operates, always puts you in …

So what is this “credit enhancement” that I keep hearing about? It’s simply the latest buzzword for a real lease guarantee; i.e. one that will pay off. When one thinks about it, it’s a pretty descriptive term. In past bankruptcies, because lease obligations were unsecured, landlords frequently didn’t get anything, …

In the movie Field of Dreams, starring Kevin Costner, the central theme is “Build it and they will come”. The main character, an affable dreamer driven to build a ballfield in the middle of a farm, is believed in and supported by his wife and young son. Yet other characters …